Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue | 379.0M | 320.0M | 268.0M | 193.0M | 162.0M | 116.0M |
| Revenue Growth % | 18.4% | 19.4% | 38.9% | 19.1% | 39.7% | -- |
| Total Revenue | 379.0M | 320.0M | 268.0M | 193.0M | 162.0M | 116.0M |
| Cost Of Revenue | 107.0M | 97.9M | 98.1M | 51.5M | 29.1M | 40.8M |
| Gross Profit | 272.0M | 222.1M | 169.9M | 141.5M | 132.9M | 75.2M |
| Gross Margin % | 71.8% | 69.4% | 63.4% | 73.3% | 82.0% | 64.8% |
| Total Operating Cost | 341.0M | 275.0M | 243.0M | 165.0M | 133.0M | 141.0M |
| Selling Expenses | 24.4M | 20.3M | 12.1M | 8.0M | 9.5M | 10.9M |
| Admin Expenses | 68.0M | 38.0M | 28.2M | 25.5M | 25.2M | 20.6M |
| Rd Expenses | 108.0M | 105.0M | 87.6M | 61.1M | 62.5M | 58.7M |
| Finance Expenses | -31.2M | -30.4M | 2.2M | 1.6M | 203,200 | 1.5M |
| Operating Income | 45.7M | 56.1M | 56.0M | 56.7M | 38.9M | -14.4M |
| Operating Margin % | 12.1% | 17.5% | 20.9% | 29.4% | 24.0% | -12.4% |
| Non Operating Income | 38,000 | 500.00 | 1.9M | 2.3M | 35,900 | 1.5M |
| Non Operating Expenses | 767,000 | 152,300 | 200.00 | 50.00 | 661,500 | 3.7M |
| Investment Income | 889,900 | -665,700 | 201,300 | -- | 175,700 | 2,849 |
| Fair Value Change Income | -- | -- | -- | 21,800 | -- | -- |
| Asset Disposal Income | 51,300 | 44,600 | -- | -- | -- | -2,800 |
| Asset Impairment Loss | 124,400 | -113,600 | -513,200 | 2.4M | 1.1M | -- |
| Other Income | 7.4M | 11.7M | 31.3M | 29.4M | 10.1M | 10.8M |
| Income Before Tax | 45.0M | 55.9M | 57.9M | 59.0M | 38.3M | -16.5M |
| Income Tax | -2.4M | -2.1M | 4.1M | 8.7M | 5.7M | -4.0M |
| Net Income | 47.4M | 58.1M | 53.8M | 50.4M | 32.6M | -12.6M |
| Net Margin % | 12.5% | 18.1% | 20.1% | 26.1% | 20.2% | -10.9% |
| Net Income Attributable | 41.4M | 57.5M | 53.8M | 50.4M | 32.6M | -12.6M |
| Minority Interest | 5.9M | 574,700 | -- | -- | -- | -- |
| Eps Basic | 0.47 | 0.70 | 1.17 | 1.68 | 1.09 | -- |
| Eps Diluted | 0.47 | 0.70 | 1.17 | 1.68 | 1.09 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.9B | 2.2B | 169.0M | 159.0M | 165.0M | 102.0M |
| Trading Financial Assets | -- | -- | -- | 30.0M | -- | -- |
| Accounts Receivable | 605.0M | 510.0M | 331.0M | 212.0M | 139.0M | 135.0M |
| Notes Receivable | 11.1M | 553,200 | 300,000 | -- | 473,200 | 3.7M |
| Notes And Accounts Receivable | 617.0M | 511.0M | 332.0M | 212.0M | 140.0M | 138.0M |
| Prepayments | 9.2M | 464,100 | 7.8M | 2.9M | 2.2M | 1.4M |
| Inventory | 17.2M | 10.5M | 4.0M | 3.3M | 37.0M | 3.1M |
| Total Current Assets | 2.6B | 2.8B | 543.0M | 439.0M | 365.0M | 252.0M |
| Long Term Equity Investment | 50.6M | 49.8M | -- | -- | -- | -- |
| Fixed Assets | -- | 92.7M | 94.0M | 96.3M | 41.2M | 43.3M |
| Fixed Assets Total | 143.0M | 92.7M | 94.0M | 96.3M | 41.2M | 43.3M |
| Construction In Progress | -- | 19.9M | 11.6M | -- | 17.9M | 3.4M |
| Construction In Progress Total | 52.6M | 19.9M | 11.6M | -- | 17.9M | 3.4M |
| Intangible Assets | 57.2M | 61.6M | 45.5M | 55.3M | 46.3M | 23.3M |
| Long Term Deferred Expenses | 635,200 | 1.2M | 85,800 | 230,600 | 358,800 | 254,000 |
| Total Non Current Assets | 479.0M | 309.0M | 182.0M | 171.0M | 121.0M | 86.3M |
| Total Assets | 3.1B | 3.1B | 725.0M | 610.0M | 486.0M | 339.0M |
| Short Term Borrowings | 12.8M | -- | 37.3M | 20.2M | 25.2M | -- |
| Accounts Payable | 74.3M | 96.9M | 79.7M | 25.4M | 22.8M | 20.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 12.0M |
| Contract Liabilities | 11.4M | 10.9M | 90,600 | 2.9M | 34.3M | -- |
| Total Current Liabilities | 165.0M | 157.0M | 161.0M | 88.4M | 148.0M | 51.9M |
| Long Term Borrowings | -- | -- | 33.6M | 24.7M | 14.0M | 9.5M |
| Total Non Current Liabilities | 3.5M | 10.0M | 37.2M | 48.3M | 34.8M | 14.9M |
| Total Liabilities | 168.0M | 167.0M | 198.0M | 137.0M | 183.0M | 66.8M |
| Paid In Capital | 89.1M | 61.2M | 31.0M | 31.0M | 30.0M | 7.2M |
| Capital Reserve | 2.6B | 2.6B | 324.0M | 324.0M | 205.0M | 256.0M |
| Surplus Reserve | 25.4M | 20.9M | 14.8M | 8.9M | 3.5M | 4.0M |
| Retained Earnings | 213.0M | 204.0M | 159.0M | 111.0M | 66.4M | 4.7M |
| Minority Equity | 48.4M | 26.2M | -- | -- | -- | -- |
| Equity Attributable | 2.9B | 2.9B | 527.0M | 473.0M | 303.0M | 272.0M |
| Total Equity | 2.9B | 2.9B | 527.0M | 473.0M | 303.0M | 272.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Cash From Sales | 244.0M | 135.0M | 158.0M | 76.4M | 174.0M | 101.0M |
| Tax Refunds Received | -- | -- | 558,400 | -- | 2.7M | -- |
| Total Operating Cash Inflow | 292.0M | 190.0M | 174.0M | 123.0M | 239.0M | 120.0M |
| Cash Paid For Goods | 119.0M | 78.8M | 40.9M | 31.4M | 59.9M | 30.2M |
| Cash Paid To Employees | 125.0M | 97.6M | 76.7M | 64.7M | 53.9M | 46.8M |
| Taxes Paid | 10.8M | 18.3M | 8.6M | 7.6M | 3.3M | 2.5M |
| Total Operating Cash Outflow | 340.0M | 247.0M | 173.0M | 174.0M | 161.0M | 126.0M |
| Operating Cash Flow | -48.8M | -57.2M | 926,600 | -50.6M | 77.9M | -6.6M |
| Total Investing Cash Inflow | 21.3M | 20.1M | 35.2M | -- | 26.2M | 18.9M |
| Total Investing Cash Outflow | 210.0M | 117.0M | 36.2M | 76.2M | 75.8M | 20.9M |
| Investing Cash Flow | -189.0M | -96.5M | -1.0M | -76.2M | -49.6M | -2.0M |
| Cash From Borrowings | 16.6M | -- | 58.3M | 44.9M | 68.0M | -- |
| Dividends And Interest Paid | 28.9M | 7.5M | 2.5M | 2.9M | 1.1M | 1.8M |
| Debt Repayments | 11.9M | 79.0M | 39.3M | 39.2M | 28.1M | 3.8M |
| Total Financing Cash Inflow | 16.6M | 2.3B | 58.3M | 165.0M | 70.9M | 115.0M |
| Total Financing Cash Outflow | 104.0M | 135.0M | 47.2M | 44.2M | 29.2M | 20.6M |
| Financing Cash Flow | -87.7M | 2.2B | 11.1M | 121.0M | 41.7M | 94.4M |
| Net Change In Cash | -326.0M | 2.1B | 10.4M | -6.3M | 68.9M | 85.8M |
| Ending Cash Balance | 1.9B | 2.2B | 169.0M | 159.0M | 165.0M | 96.4M |
| Capex | 128.0M | 34.8M | 31.2M | 46.2M | 49.8M | 10.9M |